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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Erayak Power Solution Group Inc. (NASDAQ:RAYA)
Long-Term Uptrend (+90) - RAYA is in a strong uptrend that is likely to continue. While RAYA is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid RAYA?
MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for RAYA
The long-term trend has been UP since Jan 2nd, 2024 at 1.0900
The intermediate-term trend has been UP since May 13th, 2024 at 0.6959
The short-term trend has been UP since Jul 15th, 2024 at 0.8800
Smart Scan Analysis for RAYA
Based on our trend formula, RAYA is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9394 | 0.9828 | 0.8810 | 0.9400 | -0.0205 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9605 | 8635 | 2024-07-26 15:59:52 |
| 52wk High | 1.77 | 52wk High Date | 2023-07-27 |
| 52wk Low | 0.44 | 52wk Low Date | 2023-12-22 |
| Average Volume | 15,487 | Shares Outstanding | 11,000 |
| Assets | 35,285,266M | Liabilities | 15,083,178M |
| P/E Ratio | 9.605 |